Since its results for the first quarter of the 2023-24 financial year (Q1FY24) earlier this month, the stock of auto component major Bharat Forge is up nearly 15 per cent and hit its all-time high in the process. The recent gains have extended the returns over the last three months to over 34 per cent. After a strong Q1 performance which beat expectations, brokerages had revised their earnings estimates upwards to factor in the improved outlook.
Paul Meggyesi, Vice President of Global currency and commodity at JP Morgan, says that the Fed may raise rates one more time in December.
Domestic households are grossly underexposed to equities.
Alvaro Morata scored a brace to help Atletico Madrid deliver a statement performance as they outclassed city rivals Real Madrid.
Virtually out of contention for a berth in the four-team play-offs, Kolkata Knight Riders' batsman Eoin Morgan said his team was not going to sit and sulk, and instead look to give its best in the remaining matches.
Uday Kotak has resigned as the managing director and chief executive officer of Kotak Mahindra Bank, the bank said in a stock exchange filing on Saturday.
The plan is the most ambitious move by an international investment bank to take advantage of the low cost of highly educated staff in India.
The challenge is to enhance opportunities for people to generate livelihoods through entrepreneurship, both big and small, argues R Jagannathan.
FII inflows into India will be higher this calendar year than over $8 billion recorded in 2004, according to Srinivasan Varadarajan, director, JP Morgan Securities (India).
Images from the English Premier League matches played on Saturday.
Expenditure on new projects slowed down for the second quarter in a row amid an uncertain global environment and higher borrowing costs. There were new projects worth a cumulative Rs 3.26 trillion in the July-September period, according to data provided by project tracker Centre for Monitoring Indian Economy (CMIE). This figure is much less than Rs 4.39 trillion in the June quarter (Q1FY23) and Rs 8.46 trillion in the March quarter (Q4FY22).
A summary of Saturday's action in the English Premier League.
Morgan Stanley says, India will clock 7.9 per cent GDP growth in current fiscal.
Morgan, who scored ducks in the first two matches of the series, missed out with a groin problem.
With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
Sweden goalkeeper Zecira Musovic emerged as the hero as her team beat the United States 5-4 on penalties
India's prices are rising faster than many of its emerging market peers. The country's inflation print for May at 4.25 per cent is a marked reduction from the levels seen in May 2022 (7.04 per cent). However, even though the inflation rate remains within the Reserve Bank of India's medium-term target of 4 per cent, with a 2 per cent margin on either side, it continues to be higher than China, Russia, and Brazil.
The club's cricket committee considers the nomination of players for life membership as recognition to the 'outstanding international careers for some of the greats of the game'.
New investment projects announced in the manufacturing sector declined in the three months ended June 2023. The value of new projects was lower than in the March quarter, as well as the year-ago period, shows data from project tracker the Centre for Monitoring Indian Economy (CMIE). The new project announcements worth around Rs 85,000 crore in the manufacturing segment in June were a 48 per cent decline from the Rs 1.6 trillion in March and a 66 per cent decline from the Rs 2.5 trillion seen in June 2022.
Images from Day 3 of the second Ashes between England and Australia at Lord's.
The question is: Will the company have a strong balance sheet to support this massive investment plan?
The bank is facing a slew of government legal actions.
'I would not suggest buying these stocks in the dip, as the upside in profit is dented without a safety net for a rainy day.'
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
England's white-ball captain Jos Buttler described Ben Stokes as a 'once-in-a-generation player', while his predecessor Eoin Morgan hailed him as a 'true leader'.
The sharp rally in the broader markets has propelled India's market capitalisation (m-cap) to a new high. The combined m-cap of all BSE-listed firms rose to Rs 291.9 trillion in intraday trade on Thursday before settling lower at Rs 290.9 trillion. The previous record was on December 14, 2022, at Rs 291.3 trillion.
A combination of one of the lowest labour costs and a large surplus workforce, which will continue to grow until 2031, is one of the key competitive edges that India is leveraging to challenge its rivals in Southeast Asia in the race for a China-Plus-One strategy. Apart from India, the countries in the race to woo global companies that manufacture in China, as well as the supply chains to their country include Thailand, Indonesia, Malaysia, the Philippines, and Vietnam. On the labour front, India is a clear winner.
In order to seal the place in the squad, the duo will have to cancel their league tours in South Africa and Bangladesh.
Buttler said he felt the current squad was only at the beginning of a new era for English cricket.
The Netherlands and Sweden marched into the quarter-finals of the FIFA Women's World Cup.
What would Parliament be without these nine ladies?
"We do everything that is in our power, so I do research on every opportunity that comes. We do everything we can if that opportunity will be there."
IMAGES from the Premier League matches played on Saturday
Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy. The fear of less than optimal rainfall due to El Nino this year, analysts believe, is the biggest short-term risk for the markets, which they said has not been fully priced in yet by them. Monsoon set over Kerala on June 08, a week later than its scheduled date.
With Mahendra Singh Dhoni still hitting big sixes, CSK teammate Moeen Ali said he wouldn't be surprised if MSD was still leading Chennai Super Kings next year.
Livingstone was named in coach Chris Silverwood's squad for the World Cup as a replacement for Ben Stokes, who had taken an indefinite break from cricket to focus on his mental health while also recovering from a second operation on a broken finger.
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